Kuwait: $ 16 billion sums received hope from Iraq

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Kuwait: $ 16 billion sums received hope from Iraq

5/2/12

(KUNA) - The President of the Board of Directors of the Public Authority for Assessment of Compensation for the loss of Iraqi aggression Mudhaf Khaled Ahmed, the need to continue the regular filing in the Compensation Fund to five percent of the proceeds from the sale of all exports of oil and petroleum products and natural gas to Iraq.

The Mudhaf in the word of Kuwait in the opening session of 73 of the United Nations Compensation to deposit regular come and according to the UN Security Council Resolution 1956 to the year 2010 in addition to five percent of the value of any payments of non-cash oil and petroleum products and natural gas.

He Mudhaf thanked Kuwait for the Board of Directors and the Secretariat of the Committee on the distribution of compensation payments to Kuwait in each of the seventh of October 2011 and January 26 and April 26, 2012, in accordance with decision 267, expressed the aspiration of Kuwait to continue to receive the full amount remaining Qmath about $ 16 billion in batches future quarterly.

He praised in this regard Iraq to keep the transmission mechanism that have been created in the past under the supervision of the Committee of Financial Experts, stressing that this will ensure the continuation of Iraq to fulfill its obligations in accordance with the provisions of paragraph 21 of resolution 1483 (2003) also welcomed the meeting of the United Nations Compensation with the Commission financial experts on a regular basis.

He called for consideration of the Kuwait proposal to hold another meeting for further consultations on the meeting in Kuwait and Iraq under the auspices of the United Nations Compensation to discuss the remaining funds and payable to Kuwait as it has not been any progress in this regard since the first meeting in May 2009 in the Jordanian capital Amman.